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    Future Value of Money with Multiple Cash Flows

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    From a source, please provide a real life example of the application of the future value of money with multiple cash flows. List all references used.

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    Solution Preview

    There are several real life examples of the future value of money. The most common example is an annuity. Annuity is a stream of cash flows that you receive for some time in the future. This can be due to several reasons. you can win a lottery and you can chose to take a stream of fixed cash flows over a period of time. You can ...

    Solution Summary

    The solution provides a practical example of the future value of money using lottery as an example. The solution is concise and to the point and a numerical example has also been provided.